The Commodity Futures Trading Commission’s Division of Trading and Markets has
issued its annual guidance letter to
registered commodity pool operators. The letter shares the results of the
Division’s experience reviewing prior years’ annual reports and is
intended to assist commodity pool operators, and their public accountants, in
complying with the Commission’s regulations on the preparation and filing of
annual financial reports.

The letter highlights recent changes in generally accepted accounting principles with
which commodity pool operators will now be required to comply, illustrative examples
of fund-of-funds disclosures, and a listing of Commission staff members who can be
contacted to address additional questions.

The letter is available at the Commission’s website: www.cftc.gov. Copies of the letter also may be obtained
by contacting the Commission’s Office of the Secretariat, Three Lafayette
Centre, 1155 21st Street, N.W., Washington, D.C. 20581, (202)
418-5100.